SEOUL, May 22 (Korea Bziwire) — Chinese people purchased nearly 7,000 buildings in South Korea last year, with more than half of the properties being from the Greater Seoul area, a ruling party lawmaker said Sunday. A total of 6,640 buildings, including apartments, were purchased by Chinese nationals last year, and 2,659 of them are [...]
SEOUL, May 22 (Korea Bizwire) — Foreign investors have sold nearly 15 trillion won (US$12 billion) worth of South Korean stocks this year through mid-May as they fled to safe haven assets amid growing stagflation worries, the country’s main bourse said Sunday. From Jan. 1 through Friday, foreign selling stood at 14.8 trillion won on [...]
SEOUL, May 20 (Korea Bizwire) — More than seven out of 10 South Koreans are in favor of giving medical assistance to North Korea struggling with a massive COVID-19 outbreak, a poll showed Friday. In a nationwide poll of 1,000 people aged 18 or above conducted by Gallup Korea from Tuesday to Thursday, 72 percent [...]
SEOUL, May 19 (Korea Bizwire) — More than eight out of 10 people who reported sexual harassment at the workplace said they suffered from some form of retaliation, a civic group reported Thursday. Gapjil 119, which campaigns against workplace abuses, announced its analysis of the 205 reports it received from abuse victims between January 2021 [...]
SEOUL, May 19 (Korea Bizwire) — Household income grew at the fastest pace on record in the first quarter on the back of the economic recovery and state relief funds for pandemic-hit merchants, data showed Thursday. The average household earned 4.83 million won (US$3,800) per month in the January-March period, up 10.1 percent from a [...]
SEOUL, May 18 (Korea Bizwire) — South Korean listed firms saw their first-quarter earnings fall from a year ago amid fast-rising inflation despite growths in operating profit and sales, the bourse operator’s data showed Wednesday. The consolidated net profit of 608 companies listed on the benchmark KOSPI totaled 41.69 trillion won (US$32.84 billion) in the [...]
SEOUL, May 18 (Korea Bizwire) — Global tech behemoth Samsung Electronics Co. was ranked as the best-managed company among South Korea’s top 500 businesses in 2021 to retain the top spot for three years running, a corporate tracker said Wednesday. Samsung, the world’s top memory chip and smartphone maker, obtained 766.9 out of 800 points [...]
SEOUL, May 17 (Korea Bizwire) — Almost 4 in 10 South Korean listed companies trimmed their workforce in 2021 from a year earlier amid the prolonged coronavirus pandemic, a private think tank said Tuesday. The Korea Economic Research Institute (KERI) said a survey of 1,874 firms listed on the country’s main and minor bourses showed [...]
SEOUL, May 17 (Korea Bizwire) — The combined first-quarter sales of major firms in South Korea surpassed the 700 trillion-won (US$545 billion) mark for the first time on strong performances by chips, electronics, petrochemicals and auto manufacturers, a corporate tracker said Tuesday. The total top line of 344 out of South Korea’s top 500 companies [...]
SEOUL, May 16 (Korea Bizwire) — Half of older adults in Seoul have no experience using digital kiosks, a survey showed Monday, despite a rising number of businesses adopting such self-service electronic machines amid the pandemic. The poll released by the Seoul Digital Foundation, a digital arm of the city government, showed 45.8 percent of [...]